Insurance marketplace Lloyd's of London appoints Patrick Tiernan as its new chief exec
Insurance marketplace Lloyd's of London has appointed Patrick Tiernan as chief executive to replace John Neal.
Tiernan, 50, takes charge on June 1 after being chief of markets there for the past four years.
Lloyd's traces its roots back to a 17th-century coffee house where merchants met to trade news.
Chairman Sir Charles Roxburgh said: 'Patrick's profound understanding of the market, coupled with his commercial acumen and industry expertise, will ensure Lloyd's continues to focus on consistent and disciplined performance.'
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